Beyond Scattered Applications

Abstract

As a decentralised digital ledger, blockchain has become a buzzword in the recent years, due to its advantageous characteristics. The application of blockchain has been associated with different implications, ranging from trust generator to increased efficiency. Recently, blockchain application has gained momentum by being implemented by different governments and public bodies, as a solution for tackling different issues, with the intent of providing more efficient public policies. Different blockchain-based systems and platforms have been increasingly introduced as a more secure and orderly alternative of delivering various public functions and services. Given the expansion of use cases in different countries and the scattered information in this regard, this chapter develops a taxonomy of blockchain outcomes in the public domain by identifying the emerging patterns and subcategories. The proposed taxonomy can support decision makers and researchers to better identify the various blockchain applications, alongside their benefits, implications, and possible associated risks.